BUSINESS BRIEFS

Flat tax may be lower than 20%

THE FIGURE quoted for an envisioned flat tax rate of 20 percent for both income taxes and VAT may not be the final figure, according to Finance Minister Ivan Mikloš.

"I know that even lower rates are conceivable, but it is necessary to ensure that there are no unfavourable effects on the state budget," said Mikloš.

He added that a drop of 1 percent in the tax rate would mean a reduction in state income of approximately Sk6 billion (€146 million).

Get daily Slovak news directly to your inbox

Top stories

Three rounds of testing should take place before Christmas

The first round will be nationwide and should take place in two weeks.

Who was behind the sale of one of the biggest banks in Slovakia

The largest law firms were involved in several innovative projects, too.

Which are the largest law firms in Slovakia?

For the first time, the ranking also provides an overview in partial categories of law.

Using only antigen tests for mass testing was the right move, says American mathematician

The rounds of testing work like the layers of a filter, removing a large fraction of infected individuals in each round, says Daniel Larremore.

Free antigen testing